Inside the Vault
Through the first six months of 2017, what percentage of total capital raise in the Nontraded BDC sector was recorded by the top three Nontraded BDCs? November 30, 2017

Through the first six months of 2017, what percentage of total capital raise in the Nontraded BDC sector was recorded by the top three Nontraded BDCs?

Answer:  Of the $558.6 million raised, 58.2% of total capital raise came from the following three BDCs:  FS Investment Corporation III ($137.8 million), FS Investment Corporation IV ($114.1 million), and Carey Credit Income Fund, Shares 2016 T and I ($73.4 million).  Note:  Carey Credit Income Fund is now known as Guggenheim Credit Income Fund
Which of CNL’s sponsored nontraded REIT programs had the highest average return to early investors from inception to its full-liquidity event? November 16, 2017

Which of CNL’s sponsored nontraded REIT programs had the highest average return to early investors from inception to its full-liquidity event?

Answer:  CNL Retirement Properties which was acquired by Health Care Property Investors in 2006 had an average rate of return to early investors of 11.74% according to Blue Vault's Nontraded REIT Full-Cycle Performance Study.  The average distribution yield over the life of the REIT was 6.52% based upon the initial offering price.  The common shares…

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